Tariff Roadblock - Business Outrank

The trade negotiations between India and the US have become challenging because the talks in New Delhi failed to produce significant progress regarding essential tariff matters. The two countries failed to reach an agreement during six days of intense negotiations because of their disagreement regarding American protectionist policies that include 50% steel and aluminium tariffs and a 10% baseline tariff on all imports. The Indian government has proposed lowering its tariffs on American imports through a bilateral trade agreement but requires corresponding concessions from the United States. The July 9 deadline approaches as Brendan Lynch and Rajesh Agrawal lead their negotiating teams to prevent fresh US tariffs from affecting Indian products. The Indian government requires the United States to remove additional duties which include both a 16% reciprocal tariff threat and safeguard measures for steel and aluminium and auto components. The United States maintains its position that its goods should enter duty-free while refusing to provide equivalent concessions to India. The current US tariff structures create major compliance challenges for Indian exporters despite India's willingness to offer goodwill measures including bourbon whiskey and motorcycle duty reductions and Google Tax elimination and Starlink approval. The talks risk failure because of a lack of quick agreement which would intensify the existing strain on bilateral trade relations.

What's Hot

Elon Musk’s Tesla Diner Launch in Hollywood Faces Glitches, Long Waits, and Fan Frenzy

Kotak Mahindra Bank’s Profit Sees Modest Rise Despite Market Pressures

IndusInd Bank Gets RBI Nod for 1-Month Extension of Executive Committee Amid Leadership Vacuum

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Tariff Roadblock

India Struggles as US Trade Talks Hit Tariff Roadblock

Elon Musk’s Tesla Diner Launch in Hollywood Faces Glitches, Long Waits, and Fan Frenzy

Kotak Mahindra Bank’s Profit Sees Modest Rise Despite Market Pressures

IndusInd Bank Gets RBI Nod for 1-Month Extension of Executive Committee Amid Leadership Vacuum

Paramount-Skydance Merger Approved Amid Trump Controversy and Media Shake-Up

Our Picks

Elon Musk’s Tesla Diner Launch in Hollywood Faces Glitches, Long Waits, and Fan Frenzy

Kotak Mahindra Bank’s Profit Sees Modest Rise Despite Market Pressures

IndusInd Bank Gets RBI Nod for 1-Month Extension of Executive Committee Amid Leadership Vacuum

Most Popular

Elon Musk’s Tesla Diner Launch in Hollywood Faces Glitches, Long Waits, and Fan Frenzy

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Tariff Roadblock